February 2022 was yet another tight market in The Annex, with very few options to purchase, and thus few sales. There were a total of 11 transactions. Keep in mind that with so few trades, the values can be skewed with more lower-priced condos and houses versus higher-priced homes – our overall annual markers will provide a better sense of value increase, which you can reach out to us here to discuss.
Annex Homes Values
There were only 3 sales in the Annex in February 2022 The average home sold for $3,150,000 up from $2,521,833 in February 2021. The average list-to-sale price was 100%. There was a 50/50 chance of multiple offers on house Annex listings. The average home was on the market for 17 days – the shorter days on market were very much a sign of the high demand for Annes houses.
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Annex Condo Values
There were 8 condo sales. The average Annex condo sold for $1,300,062, slightly down from $752,105 in February 2021. The average list-to-sale price was 102%. There was a 75% chance of multiple offers on house Annex listings. The average home was on the market for ONLY 6 days.
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